November Auto Sales Update

2015 Cadillac Escalade

Sales rose 6 percent year-over-year at General Motors for the company’s best November in seven years. Buick had its best November since 2002 and GMC its best November since 2001. “The buzz around Black Friday helped drive strong showroom traffic  but there was a lot more at work in the market,” said U.S. Vice President of Sales Operations Kurt McNeil. He cited improved job security for customers, increased household wealth and low pump prices. Silverado truck sales rose 24 percent, and there was strong demand for the Cadillac Escalade that spent only an average 16 days on dealer lots.

Ford said November sales were down 2 percent from a year ago, something the automaker had anticipated. Ford said availability is starting to grow for the F-150 pickup, Mustang and the Transit models. There were some bright spots with strong demand for the Escape – sales were up 22 percent compared to a year ago. Lincoln sales were up 21 percent for the brand’s best showing in seven years thanks in part to the MKC, Lincoln’s take on the Escape.

Volkswagen said sales rose 3.2 percent last month thanks to the Jetta, and the redesigned Golf family that was recently named Motor Trend’s Car of the Year.

Overall sales for the Toyota family were up 3 percent last month with light trucks and SUV’s setting November sales records. Demand for the Corolla rose 14.2 percent and Lexus reported its best ever November sales. Officials said auto industry sales during Thanksgiving weekend were better than expected.

November sales fell 13.3 percent at Infiniti.

 

 

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